Monash University's draft Environmental, Social and Governance statement has ruled out directly investing in fossil fuel production — currently about 10% of their investments — and commits to phase out indirect investments in coal production over the next 12 months.
While this is a great first step, the bad news is there is no mention of gas or oil.
The statement comes after more than a year of sustained pressure from staff and students for the university to divest from all fossil fuel investments and commit to completely ending their ties to the fossil fuel industry.